Chapter 21: Q 18. (page 524)
Are U.S. unemployment rates distributed evenly
across the population?
Short Answer
No, the unemployment rate is not distributed evenly in the US economy.
Chapter 21: Q 18. (page 524)
Are U.S. unemployment rates distributed evenly
across the population?
No, the unemployment rate is not distributed evenly in the US economy.
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What happens to the labor force participation rate when employed individuals are reclassified as unemployed? What happens when they are reclassified as discouraged workers?
As the baby boom generation retires, the ratio of retirees to workers will increase noticeably. How will this affect the Social Security program? How will this affect the standard of living of the average American?
Is it desirable to pursue a goal of zero unemployment? Why or why not?
Why is there unemployment in a labor market with
flexible wages?
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